Industrial production in India expanded by 4% from the previous year in September of 2025, consistent with the upwardly revised, 4.1% increase in August and firmly above the market consensus of a 2.6%. The increase marked 12 consecutive months of growth in Indian industry with three straight periods of growth above the 4% threshold, adding to the stronger growth momentum for the G20's fastest growing economy and reflecting some resilience to the aggressive tariffs by the US. Output accelerated for manufacturing (4.8% vs 3.8% in August), which correspond to nearly 80% of total industrial production. In turn, output slowed for electricity (3.1% vs 4.1) and fell for mining (-0.4% vs 6.6%).